Authority: National Company Law Tribunal Allahabad Bench Prayagraj, Division Bench (Shri Praveen Gupta, Hon'ble Member (Judicial) and Shri Ashish Verma, Hon'ble Member (Technical))
Order Date: 7th July, 2026
Case Overview
The National Company Law Tribunal (NCLT) Allahabad Bench heard CP (IB) No.62/ALD/2026, an insolvency petition filed by M/S BetterBot Services Private Limited under Section 10 of the Insolvency and Bankruptcy Code (IBC). The corporate applicant was represented by Advocate Sh. Prashant Katara. The petition is at a preliminary stage where the tribunal is initiating the process of involving creditors.
Final Outcome
The bench issued a procedural order directing that notices be issued to all creditors listed at page 190 as Annexure A-11 of the petition. These notices are returnable within two weeks. The corporate applicant is required to file an affidavit of service confirming the issuance of notices within one week. Upon receipt of notices, creditors have two weeks to file their replies or objections, with an advance copy to be supplied to the applicant's counsel. The matter has been listed for its next hearing on 12th August 2026.
Topics: Insolvency Proceeding, NCLT, Corporate Debtor